Payment of interest on NHAI bonds...

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  1. shaheenazk

    shaheenazk New Member

    Is the 6% interest paid by NHAI on its bonds taxable? Is the interest credited to bank accounts of investors annually in march or after 3 years? If bonds are bought in July then the interest to be credited will be calculated for 8 months or 12 months by NHAI?
     
  2. rudrabose

    rudrabose Active Member

    1. Interest earned on such bonds is taxable.
    2. The interest is paid annually
     
  3. shaheenazk

    shaheenazk New Member

    Thanks for the reply. What about the calculation of interest? Will it be paid for 8 months or 12 months according to the example I have given?
     
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